ADVFN - Advanced Financial Network.
HOME» NYSE » C » CSC Stock Price » CSC Stock News

Computer Sciences Share News

 Computer Sciences Corp. Stock Price
CSC Stock Price
 Computer Sciences Corp. Stock Chart
CSC Stock Chart
 Computer Sciences Corp. Stock News
CSC Stock News
 Computer Sciences Corp. Company Information
CSC Company Information
 Computer Sciences Corp. Stock Trades
CSC Stock Trades

CSC 2Q Net Off 15% As Revenue, Margins Weaken; View Mixed

DOW JONES NEWSWIRES CSC's (CSC) second-quarter earnings fell 15% as the information-technology company reported weaker revenue and margins along with sharply higher taxes. It raised its profit target for the year by 5 cents to $5.35 to $5.45 a share but lowered its revenue view to $16.5 billion to $17 billion from $16.8 billion to $17.2 billion. The information-technology services company, which provides services from consumer-credit information to online-data security, has benefited from increased IT outsourcing. For the quarter ended Oct. 1, CSC reported a profit of $184 million, or $1.18 a share, down from $216 million, or $1.40 a share, a year earlier. Revenue decreased 1.6% to $3.98 billion. Analysts polled by Thomson Reuters most recently forecast earnings of $1.17 on revenue of $4 billion. Gross margin fell to 20% from 20.4%. CSC's managed-services segment, which is its largest by revenue and which mainly covers government contracts, saw revenue edge up 0.1%. Its North American public-sector business reported revenue declined 4.5%. Shares closed Tuesday at $48.79 and were down 1.4% premarket to $48.10. -By Tess Stynes, Dow Jones Newswires; 212-416-2481; Tess.Stynes@dowjones.com;

Stock News for Computer Sciences (CSC)
DateTimeHeadline
07/28/201616:49:02Additional Proxy Soliciting Materials (definitive) (defa14a)
07/28/201616:47:18Current Report Filing (8-k)
07/28/201609:45:00CSC Leads Winner’s Circle in HfS As-a-Service Blueprint Report
07/27/201619:08:07Statement of Changes in Beneficial Ownership (4)
07/27/201619:08:07Statement of Changes in Beneficial Ownership (4)
07/26/201617:10:00Citrix in Deal with LogMeIn
07/22/201616:47:29Additional Proxy Soliciting Materials (definitive) (defa14a)
07/19/201616:30:00CSC to Report First Quarter 2017 Results on Monday, August 8...
07/19/201610:00:00CSC Recognized With Two Disability Workplace Honors
07/19/201600:00:00CSC and IBM Expand Strategic Alliance with Collaboration Utilizing...
07/15/201616:49:10Additional Proxy Soliciting Materials (definitive) (defa14a)
07/15/201616:47:05Current Report Filing (8-k)
07/13/201618:51:32Statement of Changes in Beneficial Ownership (4)
07/13/201618:51:31Statement of Changes in Beneficial Ownership (4)
07/13/201618:51:04Statement of Changes in Beneficial Ownership (4)
07/08/201616:56:47Annual Report of Employee Stock Plans (11-k)
07/05/201608:00:00CSC Finalizes Aspediens Acquisition to Advance Position as Wor...
06/29/201618:02:15Statement of Changes in Beneficial Ownership (4)
06/29/201618:02:15Statement of Changes in Beneficial Ownership (4)
06/29/201618:01:47Statement of Changes in Beneficial Ownership (4)

Computer Sciences and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2015 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad